Why Become A Validator on Fuse?
Fuse empowers communities around the world by giving them access to low cost, fast, and secure mobile payment solutions. What allows Fuse to provide a service at a lower cost than its competitors is that the Fuse network is run by a distributed network of validators.
Instead of one central authority that has the burden of storing all the network data and building all the tools and features. Fuse’s validators allow that process to be decentralized, thus removing the burden from the central entity, causing a sharp reduction in costs. Additionally, because the data ownership is decentralized no central entity can control or manipulate the user data. Fuse validators allow for a lower cost and a more secure network than non-blockchain competitors.
As the Fuse network grows rapidly more and more validators are joining the network daily, with currently over 70 active validators active on the network. Fuse validators play a vital role in the network consensus and receive recurrent rewards in the form of monetary compensation and voting rights. The following is a high-level overview of everything you need to know to become a Fuse validator.
Validator Roles
A validator has two main responsibilities in the Fuse network:
- Decentralization of the network — Running a node that confirms transactions on the Fuse network allows validators to come to a consensus on the current status of the blockchain and funds.
- Voting in Fuse governance — In order for any system upgrade to occur a minimum of 51% of the Fuse validators need to agree to that chance. This gives validators an important say in any system upgrade and ultimately the future of the network.
How Validators Are Paid
Validators have three main revenue streams:
- FUSE has a YOY inflation of 5%, meaning the total token supply is increased by 5% each year.
- Every transaction on the Fuse network will cost up to 1 cent USD per transaction.
- Bridging of Fuse assets to Ethereum mainnet or other platforms can incur a fee and premium that is passed on to the operator requesting the transfer.
All three of these revenue streams are distributed daily to validators proportional to the number of blocks they validate on a given day.
Becoming a Validator
In order to become a validator two requirements must be met.
- Reaching the minimum viable tech specs to run a Fuse node — Tech specs here.
- Having 100k FUSE staked to your validator.
The FUSE staked to your validator ensures that the actions of the validator are in line with the health of the network.
FUSE Delegation
The barriers to entry on becoming a validator are quite high causing the average user to not want to run their own node. It requires technical skills, 100k+ tokens, and maintenance. For this reason, we have implemented a delegation feature to Fuse governance, where any user can stake their tokens to a validator of their choice. Users will likely stake to validators they believe are acting in the best interest of the network, further aligning the incentives of all network participants.
Validators will have the option to pay users who delegate their tokens to further incentive community staking. How the users are rewarded is entirely up to each validator to decide, creating room for different reward structures.
To sum it all up
The more validators Fuse has the more secure the network is. Whether you’re a validator, an entrepreneur, a community leader, or simply a network user we gladly welcome you to our fast-growing community! If you are interested in getting involved or want to stay up to date on our newest updates and activities join us on:
If you are interested in becoming a validator and want to read more about the technical requirements and set up you can follow the instructions here. If you have any questions regarding the Fuse wallet and Studio, don’t hesitate to visit our docs and FAQ pages.
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